Employee Retention
Executive Summary The project begins with the significance of Human Resource Management in today’s corporate world. It signifies the increasing importance of HRM. Then it leads over to the employee turn over problem faced by the companies. It highlights the resource for the high turnover rate and the cost that this act adds up to the company. Then the project highlights the significance of employee retention to overcome the employee turnover problem. The project briefly covers the various areas where employee retention strategies
are
development,
implemented work
culture,
namely
recruitment,
salary
negotiation,
training
and
compensation
management, rewards and recognition and exit interviews. And at the end the report finally highlights various aspects which are to be considered for improvement of employee retention strategies.
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